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It's the deleveraging that's going on right now that has caused the credit crisis.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Right
Going
Caused
Credit
Crisis

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I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
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We've had public companies in the past in that business and they bleed. We've got a lot more blood than they do.
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Does the business have favourable long term prospects?
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Derivatives are financial weapons of mass destruction.
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The future is never clear you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.
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Asset values and earning power are the dominant factors affecting the valuation of a controlling interest in a business. Market price, which governs valuation of minority interest positions, is of little or no importance in valuing a controlling interest.
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An ounce of prevention is worth a pound of cure understated.
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I would say that life at 84, I am having as much fun as I've ever had in my life. I mean I get to do what I love every day with the people I love-and it just doesn't get any better than that.
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I think people - what people want to do is make [economy] get worse.
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Possessing a powerful worldwide brand is essential for sustained success.
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If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.
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